Stronger together as a global market leader in the rapidly growing UCaaS market
Continuing to deliver its move-to-the-cloud strategy, with this transaction
The combined company will be headquartered in
"This is a very natural combination that enables us to continue to consolidate the industry and take advantage of cost synergy opportunities while adding new technologies and significant cloud growth to our business," said
Uniquely qualified to take customers and partners to the cloud
Together, the combined company will have approximately 3,200 channel partners and an industry-leading portfolio of communications and collaboration solutions.
"With the announcement today, this concludes our comprehensive review of strategic alternatives by delivering a significant cash premium for our shareholders," said
Once the transaction is complete,
Size, scale and financial foundation to drive growth
Financial highlights of the transaction include:
*based on trailing twelve months combined to
Transaction Details
The transaction will be completed through a cash tender offer for all of the outstanding shares of
The transaction is expected to be completed in the third quarter of 2017, subject to
Conference Call Information
Important Information for Investors
The tender offer for the outstanding shares of
Non-GAAP Financial Measures
In an effort to provide investors with additional information regarding Mitel's results as determined by generally accepted accounting principles (GAAP),
Forward Looking Statements
Some of the statements in this press release are forward-looking statements (or forward-looking information) within the meaning of applicable
A global market leader in business communications powering more than two billion business connections, Mitel helps businesses and service providers connect, collaborate and provide innovative services to their customers. Our innovation and communications experts serve business users in more than 100 countries. For more information, go to www.mitel.com and follow us on Twitter @Mitel.
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